Mar 31, 2014
The Members,
The Directors have pleasure in presenting the Annual Report together
with audited statement of accounts of the Company for the year ended on
31st March 2014.
OPERATIONS DURING THE YEAR:
The company has a very good Operational activity during the year due to
good market.
FINANCIAL RESULTS:
Amount in Rupees
Financial Results 2013-14 2012-13
Turn Over 1013500 1015350
Expenses 849397 1864676
Profit Before Tax 164103 (849326)
Provision for Tax 0.00 0.00
Profit after Tax 164103 (849326)
AUDITORS:
The members are requested to appoint auditors for the current year and
to fix their remuneration. M/s. ARUN JAIN & ASSOCIATES., Chartered
Accountants have consented for continuation to act as the auditors of
the Company, if re-appointed.
PUBLIC DEPOSITS :
During the year the company has not accepted any deposit u/s. 58A of
the Companies Act, 1956.
DIRECTORS:
During the year Prahalad Panchal retire by rotation at the ensuing
A.G.M and being eligible, offer himself for re-appointment. Apart from
this, Naresh Rachchh and Prahalad Panchal have been appointed for 5
years as Ind. Directors of the company as per the provisions of the
Co.Act,2013.
FOREIGN EXCHANGE EARNING AND EXPENDITURE:
There were no Foreign Exchange transactions during the year.
PERSONNEL AND OTHER MATTERS:
As required by the provisions of Section 217(2A) of the Companies Act,
1956, read with the Companies (Particulars of Employees) Rules, 1975,
as amended, the names and other particulars of the employees are not
given as no employee was coming under the provisions set of section 217
(2A).
Since the Company does not own any manufacturing activity, the
disclosure of information relating to conservation of energy and
technology absorption to be disclosed in terms of Section 217(1)(e) of
the Companies Act, 1956, read with the Companies (Disclosure of
Particulars in the Report of Board of Directors) Rules, 1988, are not
applicable and hence not given.
AUDIT COMMITTEE :
The Company has formed an Audit Committee comprising of 3 directors.
The terms of the reference of the committee are in line with the
requirements as stipulated u/s 177 of the Co. Act, 2013 and Corporate
Governance as stated in Clause 49 of the Listing Agreement.
DIRECTORS'' RESPONSIBILITY STATEMENT :
The Directors confirm that in preparation of the annual accounts for
the year ended March 31, 2014 -
1. the applicable accounting standards had been followed along with
proper explanation relating to material departures;
2. they had selected such accounting policies and applied them
consistently and made;
3. judgements and estimates that are reasonable and prudent had been
taken so as to give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the profit of the
Company for that period;
4. they had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 1956, for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities; and
5. they had prepared the annual accounts on a going concern basis.
CORPORATE GOVERNANCE AND COMPLIANCE:
A report on corporate governance is annexed to this report. A
certificate from Statutory Auditors with regards to the compliance of
the corporate governance by the company is annexed to this report.
The company has fully complied with all mandatory requirements
prescribed under clause 49 of the listing agreement. In addition, the
company has also implemented some of the non mandatory provisions of
clause 49.
ACKNOWLEDGEMENTS:
The Directors thank the clients for the confidence reposed, which has
enabled the Company in successfully achieving the satisfactory
performance.
The Directors also thank the Company''s bankers, lenders, the Government
of India, the Securities and Exchange Board of India, the Reserve Bank
of India and other statutory authorities for their continued support to
the Company.
The Directors express their gratitude for the support and guidance
received from its shareholders.
The Directors also express their sincere thanks and appreciation to all
the employees for their commendable teamwork, professionalism and
contribution during the year.
BY ORDER OF THE BOARD OF DIRECTORS FOR SunBright Stock Broking Ltd.
PLACE: KOLKATA
DATE : 01/09/2014 Sd/-
VIMAL S RAVAL (CHAIRMAN)
Mar 31, 2010
The Directors have pleasure in presenting the Annual Report together
with audited statement of accounts of the Company for the year ended on
31st March 2010.
OPERATIONS DURING THE YEAR:
The company has a very good Operational activity during the year due to
good market.
FINANCIAL RESULTS:
Amount (Rs. In Lacs)
Financial Results
Years 2009-10 2008-09
Turnover 15.05 10.08
Expenses 15.27 08.09
Profit Before Tax -0.22 01.99
Provision for tax 0.00 00.27
Profit after tax -0.22 01.72
AUDITORS:
The members are requested to appoint auditors for the current year and
to fix their remuneration. M/s. ARUN JAIN & ASSOCIATES., Chartered
Accountants have consented for continuation to act as the auditors of
the Company, if re-appointed.
PUBLIC DEPOSITS :
During the year the company has not accepted any deposit u/s. 58A of
the Companies Act, 1956.
DIRECTORS:
During the year Naresh Rachchh will retire by rotation at the ensuing
A.G.M and being eligible, offer himself for re-appointment.
Apart from this Kirit Shah was appointed as Director of the Company due
resignation of Deepak Agrawal & Rajendra Bubna & Vikash Sharma.
FOREIGN EXCHANGE EARNING AND EXPENDITURE:
There were no Foreign Exchange transactions during the year.
PERSONNEL AND OTHER MATTERS:
As required by the provisions of Section 217(2A) of the Companies Act,
1956, read with the Companies (Particulars of Employees) Rules, 1975,
as amended, the names and other particulars of the employees are not
given as no employee was coming under the provisions set of section 217
(2A).
Since the Company does not own any manufacturing activity, the
disclosure of information relating to conservation of energy and
technology absorption to be disclosed in terms of Section 217(l)(e) of
the Companies Act, 1956, read with the Companies (Disclosure of
Particulars in the Report of Board of Directors) Rules, 1988, are not
applicable and hence not given.
AUDIT COMMITTEE:
The Company has formed an Audit Committee comprising of 3 directors.
The terms of the reference of the committee are in line with the
requirements as stipulated u/s 292A of the Co. Act, 1956 and Corporate
Governance as stated in Clause 49 of the Listing Agreement.
DIRECTORS RESPONSIBILITY STATEMENT :
The Directors confirm that in preparation of the annual accounts for
the year ended March 31, 2010-
1. the applicable accounting standards had been followed along with
proper explanation relating to material departures;
2. they had selected such accounting policies and applied them
consistently and made;
3. judgements and estimates that are reasonable and prudent had been
taken so as to give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the profit of the
Company for that period;
4. they had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 1956, for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities; and
5. they had prepared the annual accounts on a going concern basis.
CORPORATE GOVERNANCE AND COMPLIANCE:
A report on corporate governance is annexed to this report. A
certificate from Statutory Auditors with regards to the compliance of
the corporate governance by the company is annexed to this report.
The company has fully complied with all mandatory requirements
prescribed under clause 49 of the listing agreement. In addition, the
company has also implemented some of the non mandatory provisions of
clause 49.
ACKNOWLEDGEMENTS:
The Directors thank the clients for the confidence reposed, which has
enabled the Company in successfully achieving the satisfactory
performance.
The Directors also thank the Companys bankers, lenders, the Government
of India, the Securities and Exchange Board of India, the Reserve Bank
of India and other statutory authorities for their continued support to
the Company.
The Directors express their gratitude for the support and guidance
received from its shareholders.
The Directors also express their sincere thanks and appreciation to all
the employees for their commendable teamwork, professionalism and
contribution during the year.
BY ORDER OF THE BOARD OF DIRECTORS
FOR Bubna Stock Broking Services Ltd.
PLACE : KOLKATA
DATE : 01-09-2010 Sd/-
Naresh Rachchh
(CHAIRMAN)
Mar 31, 2009
The Directors have pleasure In presenting the Annual Report together
with audited statement of accounts of the Company for the year ended on
31st March 2009.
OPERATIONS DURING THE YEAR:
The company has a very good Operational activity during the year due to
good market.
FINANCIAL RESULTS:
Amount (Rs. In Lacs)
Financial Results
Years 2008-09 2007-08
Turnover 10.08 15.62
Expenses 08.09 13.52
Profit Before Tax 01.99 00.21
Provision for tax 00.27 00.06
Profit after tax 01.72 00.15
AUDITORS:
The members are requested to appoint auditors for the current year and
to fix their remuneration. M/s. ARUN JAIN & ASSOCIATES., Chartered
Accountants have consented for continuation to act as the auditors of
the Company, if re-appointed.
Since M/s. Chokhani & Associates, Chartered Accountants, Kolkata have
shown their unwillingness to continue to be Auditors of the Company for
the F.Y. 2008-09 hence Company approached M/s. ARUN JAIN & ASSOCIATES.,
Chartered Accountants, Kolkata for appointment as Auditors of the
Company for F.Y. 2008-09 and for this purpose an EGM has been held on
01- 01-2009.
PUBLIC DEPOSITS :
During the year the company has not accepted any deposit u/s. 58A of
the Companies Act, 1956.
DIRECTORS:
During the year Rajendra Bubna & Deepak Agrawal will retire by rotation
at the ensuing A.G.M and being eligible, offer themselves for
re-appointment.
Apart from this Naresh Rachchh, Rajendra Thakkar, Vikas Sharma, Deepak
Agrawal were appointed as Directors of the Company due resignation of
Rachna Bubna, Ajay Kumar Murarka, Ravindra Kumar Shroff, Gopichand
Banshal and Pitambar Singhania.
FOREIGN EXCHANGE EARNING AND EXPENDITURE:
There were no Foreign Exchange transactions during the year.
PERSONNEL AND OTHER MATTERS:
As required by the provisions of Section 217(2A) of the Companies Act,
1956, read with the Companies (Particulars of Employees) Rules, 1975,
as amended, the names and other particulars of the employees are not
given as no employee was coming under the provisions set of section 217
(2A).
Since the Company does not own any manufacturing activity, the
disclosure of information relating to conservation of energy and
technology absorption to be disclosed in terms of Section 217(l)(e) of
the Companies Act, 1956, read with the Companies (Disclosure of
Particulars in the Report of Board of Directors) Rules, 1988, are not
applicable and hence not given.
AUDIT COMMITTEE:
The Company has formed an Audit Committee comprising of 3 directors.
The terms of the reference of the committee are in line with the
requirements as stipulated u/s 292A of the Co. Act, 1956 and Corporate
Governance as stated in Clause 49 of the Listing Agreement.
DIRECTORS RESPONSIBILITY STATEMENT :
The Directors confirm that in preparation of the annual accounts for
the year ended March 31, 2009 -
1. the applicable accounting standards had been followed along with
proper explanation relating to material departures;
2. they had selected such accounting policies and applied them
consistently and made;
3. judgements and estimates that are reasonable and prudent had been
taken so as to give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the profit of the
Company for that period;
4. they had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the
Companies Act, 1956, for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities; and
5. they had prepared the annual accounts on a going concern basis.
CORPORATE GOVERNANCE AND COMPLIANCE:
A report on corporate governance is annexed to this report. A
certificate from Statutory Auditors with regards to the compliance of
the corporate governance by the company is annexed to this report.
The company has fully complied with all mandatory requirements
prescribed under clause 49 of the listing agreement. In addition, the
company has also implemented some of the non mandatory provisions of
clause 49.
ACKNOWLEDGEMENTS:
The Directors thank the clients for the confidence reposed, which has
enabled the Company in successfully achieving the satisfactory
performance.
The Directors also thank the Companys bankers, lenders, the Government
of India, the Securities and Exchange Board of India, the Reserve Bank
of India and other statutory authorities for their continued support to
the Company.
The Directors express their gratitude for the support and guidance
received from its shareholders.
The Directors also express their sincere thanks and appreciation to all
the employees for their commendable teamwork, professionalism and
contribution during the year.
BY ORDER OF THE BOARD OF DIRECTORS
FOR Bubna Stock Broking Services Ltd.
PLACE: KOLKATA
DATE : 01-09-2009 Sd/-
RAJENDRA BUBNA
(CHAIRMAN)